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Nov 22, 2018
11/18
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they own 15% of renault. they are eager to see renault succeed. the president has played an important role to shape this. he has been close to ghosn as economy minister at the time. as president, he has kept a close eye on it. monday, he says he is vigilant in terms of the future of the alliance. keen toch government is keep this going, but the question is how pragmatic might they be. are they going to say it will they throw the japanese side a bone? right now they do not have -- the japanese does not have any of the voting rights. that may be one way they can maneuver, because they do not want this to fall apart. the renault side has benefited more than the nissan side. guy: what other options do they have? if this were to fall apart, where does that leave renault? benedikt: it would leave renault as a too small player. that theself said small players will struggle going forward. you need size to compete. this is happening at a time of massive transformation in the industry. you have massive outlays that you have to make in order to compete and m
they own 15% of renault. they are eager to see renault succeed. the president has played an important role to shape this. he has been close to ghosn as economy minister at the time. as president, he has kept a close eye on it. monday, he says he is vigilant in terms of the future of the alliance. keen toch government is keep this going, but the question is how pragmatic might they be. are they going to say it will they throw the japanese side a bone? right now they do not have -- the japanese...
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Feb 6, 2023
02/23
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we have breaking news out of renault and nissan. craig trudell had a terrific briefing on what this means going forward, they signed a deal aimed at easing long-standing tensions between the companies. this should allow them to move forward at a time of unparalleled challenges for the automotive industry. interesting to see that presentation in london may be on neutral ground, and tom mackenzie will speak to the chief executives of both in an exclusive interview. don't miss it. it is at 10:15 a.m. london time. this is bloomberg. ♪ >> if we see a moderate rebound of chinese economy, we expect this year about half of the growth in global oil demand will come from china only. this is moderate, but some financial institutions say the chinese rebound will be much stronger than expected, this will put higher upward pressure on the demand side. francine: the iea executive director speaking to bloomberg on the demand for oil and natural gas. we need to correct breaking news earlier, adani founders will repay this $1.1 billion share backed
we have breaking news out of renault and nissan. craig trudell had a terrific briefing on what this means going forward, they signed a deal aimed at easing long-standing tensions between the companies. this should allow them to move forward at a time of unparalleled challenges for the automotive industry. interesting to see that presentation in london may be on neutral ground, and tom mackenzie will speak to the chief executives of both in an exclusive interview. don't miss it. it is at 10:15...
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Jul 29, 2014
07/14
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we sought evidence in renault's results. 's we saw evidence in renault results. hans nichols has a more. hans, what will growth look like? for grim.look 10% for the year. more immediate, the stock is down from 2.5% this morning. they had a good quarter and a good first half of the year, largely based on third down market cars, budget brands throughout europe on it is in russia where they see challenges. 13% sales decrease in the month of june. the previous 10 months, it was down 8%. they are expecting 10% for the year. look at the brand. they have such a strong footprint in russia. they have 30% of the market. it is not just all renault. au have companies like volkswagen that has a pretty big market share. it will be interesting to see if it is a report effect through the other auto companies. when you look at the brand, some are down 5000 for the year. in 2013.ld a quick thought for you. luxury is not been hit adjusted yet. numbers.ercedes' the first six months, they are up almost 20% in russia. audi is basically flat. bmw is flat. we'll see if there's a split i
we sought evidence in renault's results. 's we saw evidence in renault results. hans nichols has a more. hans, what will growth look like? for grim.look 10% for the year. more immediate, the stock is down from 2.5% this morning. they had a good quarter and a good first half of the year, largely based on third down market cars, budget brands throughout europe on it is in russia where they see challenges. 13% sales decrease in the month of june. the previous 10 months, it was down 8%. they are...
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May 27, 2019
05/19
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i think renault owns a bigger nissan ineon then -- the sun does in renault. the japanese might feel a little pressure here. you could say they have no one to blame but themselves, actually. onedikt kammel joining us this big auto industry story. for more on the sector, let's go back to joerg de vries-hippen, european equities cio. what do think about autos as an investment right now? the consolidation play may be a good one for some. but there are not a lot of players left to get snapped up. on the other hand, the future does not look so bright if you consider falling sales, the diesel problems, lawsuits still to come. what do you think? >> i would say the automobile is not a dying sector. it is only the situation they have to change now. i would say to buy a car at the the one side of the discussion to we need four doors or two doors? on the other side is a branding i would say luxury object. there yet to be very cautious. you have to build something the people like to have, that they like to own, that they like to buy. i would say it is not only still luxur
i think renault owns a bigger nissan ineon then -- the sun does in renault. the japanese might feel a little pressure here. you could say they have no one to blame but themselves, actually. onedikt kammel joining us this big auto industry story. for more on the sector, let's go back to joerg de vries-hippen, european equities cio. what do think about autos as an investment right now? the consolidation play may be a good one for some. but there are not a lot of players left to get snapped up. on...
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Jan 8, 2020
01/20
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the second point, i am not talking about renault because today the topic is not about renault. today the topic is about i left japan, explained why i left japan, and everything which happened to be in japan, which is linked to nissan. renault is not in the loop. that is why i am not intending to talk about that from the main topic. [speaking french] you are talking about your sister also being taken on. so what about morality in business? can you do business in the same way as five or 10 years ago? no, you can't. there is long suspicion as far as governments is concerned, and that is fine, but at the same time, there is certain agility that will be lost. but of course, there is a choice that companies accept. maybe it will go more slowly, but we will accept the rules. fine. but beforehand, you had to go quickly in order to seize opportunities. in order to go quickly, you had sorts at it.ber of once rules have been established, you have got to follow them. but in business today, relation to a five or 10 years ago, is very different. mr. ghosn: yes. oui. >> [indiscernible] do you
the second point, i am not talking about renault because today the topic is not about renault. today the topic is about i left japan, explained why i left japan, and everything which happened to be in japan, which is linked to nissan. renault is not in the loop. that is why i am not intending to talk about that from the main topic. [speaking french] you are talking about your sister also being taken on. so what about morality in business? can you do business in the same way as five or 10 years...
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Jan 19, 2016
01/16
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watch renault, watch unilever. we heard earlier on from the french government speaking on rpo radio indicating 50,000 vehicles will be recalled by renault. we will see how it's stock opens. it looks like we will be opening on the front foot. london waking up, very cold this morning and a slightly warmer market. guy:, good morning and welcome to on the move. i am guy johnson. we are moments away from the start of european trading in here is your morning brief. the china slowdown comes in at its weakest level since 1998 increasing anticipation of more stimulus. crude turmoil. brent trades near a 12 year low. decline.casts a steep unilever says it is preparing for high volatility and tougher market conditions in 2016. 2015, we have at continuously lowered our growth estimates. say thereum we can has been more follow-up time and that is the question we will see this year. >> european futures look like they are spurring signs of a very strong open for cash this morning. watch renault. what else are watching? let's find
watch renault, watch unilever. we heard earlier on from the french government speaking on rpo radio indicating 50,000 vehicles will be recalled by renault. we will see how it's stock opens. it looks like we will be opening on the front foot. london waking up, very cold this morning and a slightly warmer market. guy:, good morning and welcome to on the move. i am guy johnson. we are moments away from the start of european trading in here is your morning brief. the china slowdown comes in at its...
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Nov 19, 2018
11/18
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the fret -- related to renault. the french finance minister's --king up its boss saying the french government mantra the stability of governance. the french government likes to have a stay -- essay of what happens in large areas of french industry. these are the kinds of comments we should expect from the french government. talking about the stability of governance at renault, no share price reaction. vonnie: mitsubishi also looking at the situation and coming to some kind of decision which we will keep you updated on. apple on the decline again as well. according to the wall street journal, apple is coming production orders for the three iphone models in unveiled in september. a reporter for bloomberg news joins us now. another 3% decline. how much does the market put store in these stories? we do not know what the numbers are going to be. maybe the numbers will not be a strong as we thought they would be. >> you can see it in the price reaction. apple has been lower for seven weeks. that is longest decline for app
the fret -- related to renault. the french finance minister's --king up its boss saying the french government mantra the stability of governance. the french government likes to have a stay -- essay of what happens in large areas of french industry. these are the kinds of comments we should expect from the french government. talking about the stability of governance at renault, no share price reaction. vonnie: mitsubishi also looking at the situation and coming to some kind of decision which we...
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Nov 20, 2018
11/18
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renault's board meets later today. less than half an hour to go until the start of the european equity trading day. we are expecting to go in little bit weaker at the start of the european trading day. no surprise perhaps, given what we have seen in the asian session. you can see this writ large across the equity session in asia. with ms. coming through on africa -- weakness coming through in africa, turkey. one thing to worry about his trade, the other is tech, and to some extent these to come together when you think about global supply chains. we see the australian dollar a little bit weaker, a proxy perhaps for some concerns around trade. i want to bring you that, because we have seen some selling in chinese equities and perhaps see a little bit more appetite for sovereign bonds in china. is not forget what we are talking bout with regards to energy prices. brent crude down by 0.6%, so another drop in. fuel prices. we spoke to the. agojet ceo a little while and he was reflecting on the oil price. tech stocks have be
renault's board meets later today. less than half an hour to go until the start of the european equity trading day. we are expecting to go in little bit weaker at the start of the european trading day. no surprise perhaps, given what we have seen in the asian session. you can see this writ large across the equity session in asia. with ms. coming through on africa -- weakness coming through in africa, turkey. one thing to worry about his trade, the other is tech, and to some extent these to come...
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Oct 18, 2019
10/19
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and you have the story on renault. also not a pretty picture. >> also ending on a side note, renault slashing profit. they are forecasting their sales will decline 3% to 4% this year. earlier, they had forecast the revenue level would be the same as last year. they are fighting a difficult economic environment, especially in markets outside of europe. they are talking about argentina and turkey. they say the cost for higher regulate -- regulation is too fast for the consumers. the stock was down 6% in the u.s. yesterday. we are looking for a decline today. nmarie,lbertina, an thank you very much. type first in your bloomberg terminal. also, get the bloomberg first word news on the bloomberg mobile app. we are just about five minutes away from the start of trading across europe. we are looking for also the start of trading in istanbul. remember, they typically open about five minutes earlier than european markets. after the 120 cease-fire brokered between turkey and syria by mike pence and the u.s., you can see the
and you have the story on renault. also not a pretty picture. >> also ending on a side note, renault slashing profit. they are forecasting their sales will decline 3% to 4% this year. earlier, they had forecast the revenue level would be the same as last year. they are fighting a difficult economic environment, especially in markets outside of europe. they are talking about argentina and turkey. they say the cost for higher regulate -- regulation is too fast for the consumers. the stock...
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Jan 13, 2017
01/17
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the difference between fiat and renault is that renault does not sell cars in the u.s. nissan sellsmpany cars in the u.s. ,emember the french government the environment minister, is especially sensitive to the pollution question in general. the cap-21, and france faced the worst pollution last month. have a look at european stocks now. recorde continues its setting advance. 40 consecutive days of gains. 12 of those has seen record highs, which is itself a record. stocks rebounding. the stoxx 600 up 7/10 of 1%. we want to show the currency board. brimming with great stats. the euro is rising for the fourth consecutive week against the dollar. best run since 2014. the power of the bloomberg. let's finish up with what is happening in the bond market. stocks rising. currencies rising. bond yields rising. there is less of a flight to safety today. in the u.k.,ield germany, spain, and italy. "close" is next. this is bloomberg. ♪ mark: 11:00 a.m. in new york. midnight in hong kong. 30 minutes left in the trading day today. i am mark artan. vonnie: i am vonnie quinn. this is
the difference between fiat and renault is that renault does not sell cars in the u.s. nissan sellsmpany cars in the u.s. ,emember the french government the environment minister, is especially sensitive to the pollution question in general. the cap-21, and france faced the worst pollution last month. have a look at european stocks now. recorde continues its setting advance. 40 consecutive days of gains. 12 of those has seen record highs, which is itself a record. stocks rebounding. the stoxx...
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Nov 23, 2018
11/18
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renault also doing well. a lot of talk about any change in the balance of power between nissan and renault. could there be a shift in the ownership structure? could there be a shift in ownership rights? could there be a shift in the shakeup after the arrest of carlos ghosn? ericsson also up by just over 2%. is seen as potentially possibly good for other telecom equipment companies. the likes of ericsson and nokia have been mentioned. let's take a look at the downside. is one of theics companies under pressure this morning, down by 10.7%. ge a group down by 9.9%. we had an update from them this morning. that may explain some of the weakness. also the weakness in the oil price having an impact. we seized some oil relating businesses trading weaker this morning. let's get a first word news update. debra mao has ever us in hong kong. spain's prime minister says he will vote against the brexit deal is no changes are made over the issue of gibraltar. leaders from the eu's remaining 27 countries will meet on sunday
renault also doing well. a lot of talk about any change in the balance of power between nissan and renault. could there be a shift in the ownership structure? could there be a shift in ownership rights? could there be a shift in the shakeup after the arrest of carlos ghosn? ericsson also up by just over 2%. is seen as potentially possibly good for other telecom equipment companies. the likes of ericsson and nokia have been mentioned. let's take a look at the downside. is one of theics companies...
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Mar 29, 2018
03/18
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this shows how investors are , nissanon up pe basis and renault right now. renault, 5.9. these are pretty low compared to fiat, chrysler at 6.30 price earnings. ferrari at 34 price earnings. you talk about volkswagen, how it investors value porsche or a lamborghini. you're not getting good value to two companies. i wonder what the average is across companies? nissan has some way to go in the transformation, but they have made progress. ghosn has been at the forefront to push cars into the new frontier of electric vehicles and battery-powered vehicles. renault is a little bit behind like many european car companies. people are, what they are looking at, we saw some interesting product out of the geneva car show. it will be interesting to see how that might drive up the valuation of these car companies. probably people are thinking renault has some room to grow. they might not make it to ferrari level. matt: very interesting stuff. great scoop from bloomberg. looking at renault shares, they are trading up 6.3%. a big boost. trading on the cac at 99 euros. was a front runner
this shows how investors are , nissanon up pe basis and renault right now. renault, 5.9. these are pretty low compared to fiat, chrysler at 6.30 price earnings. ferrari at 34 price earnings. you talk about volkswagen, how it investors value porsche or a lamborghini. you're not getting good value to two companies. i wonder what the average is across companies? nissan has some way to go in the transformation, but they have made progress. ghosn has been at the forefront to push cars into the new...
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Jun 6, 2019
06/19
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the cac 40 being dragged down i renault. if you want to carry on the coverage, you can tune into bloomberg's radio show, the cable, taking place at the top of the hour. only -- normally it includes jonathan ferro. he is making his way back to new york city to make sure he is there for the payrolls tomorrow. quite excited about that. a big day tomorrow for the u.s. economy. i will be there. great guests lined up as well. will be joining those guests at the top of the hour on dab digital radio in the london area and on all of your bloomberg devices. ♪ guy: from london, i'm guy johnson. vonnie: live from new york, i'm vonnie quinn. this is "the european close" on "bloomberg markets." guy: let's see what the first word news has to offer. emmanuel mack ron page of you to the veterans who stormed normandy's beaches 75 years ago. they spoke at the u.s. cemetery at omaha beach where u.s. forces landed on june 6, 1944. >> we are gathered here on freedoms alter, on the shores, on these bluffs, on this day 75 years ago, 10,000 men sh
the cac 40 being dragged down i renault. if you want to carry on the coverage, you can tune into bloomberg's radio show, the cable, taking place at the top of the hour. only -- normally it includes jonathan ferro. he is making his way back to new york city to make sure he is there for the payrolls tomorrow. quite excited about that. a big day tomorrow for the u.s. economy. i will be there. great guests lined up as well. will be joining those guests at the top of the hour on dab digital radio in...
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May 27, 2019
05/19
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the renault board is set to meet monday morning over the fiat chrysler proposal, and renault saying it will evaluate the merger proposal. they are to issue a statement, as well, after the board has met . coming up, the european union's mainstream party's hold up against the party. we discuss results from the election next. this is bloomberg. ♪ manus: this is bloomberg daybreak: europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in dubai -- in london. that's according to provisional results from the european parliamentary elections. they saw the highest turnout in a decade, looks set to reward the greens and pro-eu liberals. but there are a couple of notable exceptions, the far right winning in france and italy. bloomberg reporters are standing by. joining us, annmarie hordern in most of the start -- westchester, matt miller in berlin. bring us up to speed with the results in germany. matt: so, the real story here, i think, is the incredible failure of the spd, the social democrats, and the greens really filling that spot, that emptiness that had been left by the drop. the spd
the renault board is set to meet monday morning over the fiat chrysler proposal, and renault saying it will evaluate the merger proposal. they are to issue a statement, as well, after the board has met . coming up, the european union's mainstream party's hold up against the party. we discuss results from the election next. this is bloomberg. ♪ manus: this is bloomberg daybreak: europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in dubai -- in london. that's according to provisional...
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May 29, 2020
05/20
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we will keep you updated on renault. we are also speaking to leadership of the french lawmaker -- carmaker. 14,600 jobs worldwide will be lost at renault. we will be speaking to the chief executive at 11:30 a.m. u.k. time. coming up, we have plenty more on the markets. sell in may or stay-at-home? either way, you may be regretting it, with stocks to end the month with solid gains in th u.s.. -- in the u.s. we will discuss with jim mellon of burnbrae group. that is coming up next, and this is bloomberg. ♪ rg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i am francine lacqua here in london. now, as we head into the final trading day of may, let's discuss risk sentiment with a big-name investor. stocks were sent to and the month with big gains in europe, 4%.s&p up as countries around the world gradually ease their lockdown, is it already priced in? i am joined by jim mellon of burnbrae group. thanks so much for joining us. when you look at what the markets have done, what they will do next
we will keep you updated on renault. we are also speaking to leadership of the french lawmaker -- carmaker. 14,600 jobs worldwide will be lost at renault. we will be speaking to the chief executive at 11:30 a.m. u.k. time. coming up, we have plenty more on the markets. sell in may or stay-at-home? either way, you may be regretting it, with stocks to end the month with solid gains in th u.s.. -- in the u.s. we will discuss with jim mellon of burnbrae group. that is coming up next, and this is...
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Jun 6, 2019
06/19
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, do they need renault? >> it looks like this is a proper fight between fiat chrysler and the french government. whenl happened last night we were all waiting for on approval by the renault board. there was a story they were going to create a third-biggest carmaker with fiat chrysler. we broke the news that fiat withdrew its proposal. this happened because the french government asked to delay a decision while the board of renault was almost ready to go with a majority in favor of the deal. formind behind this deal fiat chrysler, this was a clear sign that the french government wants to have full control of fiat and renault and that was enough for them. this is why they decided to walk away. says youatement fiat never know, this is quite strong at the moment. at the moment we do not see fiat coming back immediately to discuss with renault. officialsf french have been speaking to the press after this ended and they say wasfrench government coherent and firm in these talks. what does this mean bigger picture? t
, do they need renault? >> it looks like this is a proper fight between fiat chrysler and the french government. whenl happened last night we were all waiting for on approval by the renault board. there was a story they were going to create a third-biggest carmaker with fiat chrysler. we broke the news that fiat withdrew its proposal. this happened because the french government asked to delay a decision while the board of renault was almost ready to go with a majority in favor of the...
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Jul 26, 2019
07/19
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let's get to renault. no longer forecasting 2019 revenue growth, but sees the figure yearly little changed from last year. the latest carmaker to struggle. they face falling demand, trade tensions and record spending on electric cars. here to wrap up earnings so far, dani burger. dani: no wonder carmakers are struggling. a more than 7% decline in car sales last month, a historic slump. europe and u.s. demand also falling. let's get into the numbers, because there were actually a few carmakers able to stand out. got, for them it was about the more lucrative, pricey suv sales. vw did fall yesterday after reporting results, but analysts say the carmaker is on track. and then the bad, renault joining a list of carmakers that cut guidance or flat out mystics dictations, showing how difficult a period we're in for profit, especially when carmakers are spending heavily on electric vehicles. the stand out season has been nissan, and not for good reason. nissan announced job cuts of over 12,000, after a 99% plunge
let's get to renault. no longer forecasting 2019 revenue growth, but sees the figure yearly little changed from last year. the latest carmaker to struggle. they face falling demand, trade tensions and record spending on electric cars. here to wrap up earnings so far, dani burger. dani: no wonder carmakers are struggling. a more than 7% decline in car sales last month, a historic slump. europe and u.s. demand also falling. let's get into the numbers, because there were actually a few carmakers...
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Nov 15, 2023
11/23
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renault's chief executive as well. don't miss our exclusive interview with portugal' central bank governorss, mario centeno. all that coming up on "bloomberg markets today." we are going to be talking about the readthrough on the inflation story. margins will be a big story, as is some of the micro, all coming up on "bloomberg markets today." stick with us. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. ♪
renault's chief executive as well. don't miss our exclusive interview with portugal' central bank governorss, mario centeno. all that coming up on "bloomberg markets today." we are going to be talking about the readthrough on the inflation story. margins will be a big story, as is some of the micro, all coming up on "bloomberg markets today." stick with us. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be...
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Jan 14, 2016
01/16
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renault shares also getting slammed today. fraudgovernment investigators searched headquarters in an apparent vehicles emissions probe coming in the wake of bolts wagons -- woes.agen's emission the vw situation was likely contain. every company has a challenge. we decide to face the challenge it is a moving target because the technology is moving all the time. betty: now, we are here. this has happened. matt miller joining me now for more. you did that interview with carlos. is this another vw situation in the making? matt: we don't know anything like that yet. renault hasis that told us it has been -- it's offices have been searched by the fraud department, the french ministry. it is cooperating in that investigation. department has already tested for its vehicles randomly. its vehicles randomly. and tested four renaults they have intimated that they that the tech the devices -- detect the devices that volkswagen used. betty: a huge amount of shares have been sold. recovery%, bit of a right now. it has not helped shares of th
renault shares also getting slammed today. fraudgovernment investigators searched headquarters in an apparent vehicles emissions probe coming in the wake of bolts wagons -- woes.agen's emission the vw situation was likely contain. every company has a challenge. we decide to face the challenge it is a moving target because the technology is moving all the time. betty: now, we are here. this has happened. matt miller joining me now for more. you did that interview with carlos. is this another vw...
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Nov 23, 2018
11/18
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about renault nissan as an enterprise. what is important is the preservation of the alliance. the group's turbulent and that should not be allowed to weaken the alliance. and threaten jobs. says then ceohs lloyd blankfein held a meeting. this follows a new york times report that they are investigating the meeting as part of a criminal investigation. goldman says they raised money without knowing it would be diverted. the seventhfor weekly loss after saudi arabia signaled output may have reached a record. the energy minister said the kingdom is pumping an excess of 10 million barrels a day. the cryptocurrency crash of 2018 is heading for the worst week yet. peersn, and also the tumbled. the worst five-day stretch sent script of mania -- crypto mania. they have been mired in a $700 shows fewut that signs of abating. global news 24 hours a day. powered by 2700 journalists and analysts. this is bloomberg. debra mao in hong kong. let's turn to the top story. the u.k. and european union have agreed in principle to the final part
about renault nissan as an enterprise. what is important is the preservation of the alliance. the group's turbulent and that should not be allowed to weaken the alliance. and threaten jobs. says then ceohs lloyd blankfein held a meeting. this follows a new york times report that they are investigating the meeting as part of a criminal investigation. goldman says they raised money without knowing it would be diverted. the seventhfor weekly loss after saudi arabia signaled output may have reached...
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Feb 12, 2019
02/19
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thursday, we will hear from renault. is goingman of renault to japan, he announced that this morning. we get financial widening from the scandal? that is going to be in focus. thes not the only headwind carmakers face. we have trade headwinds coming in, u.s. delegates in beijing today. where will that put us? will that continue to hurt sales? it will be interesting to see what the executives say. there are troubling signs in china, have car sales peaked? i have the monthly sales figures for china. you can see last year six months in a row figures declined, that means in 2018 this was one of the first drops in annual sales in at least two decades. ford's main, partner in china said trump that might have fallen as much is 93%. that is because of this potential slowdown we are seeing. manus: dani, thank you very much. is our european guest hosts and european head global markets research, mufg bank. i want everybody to know this is the report i get at 5:00 in the morning. aboute not optimistic march 1, are you? derek: in ter
thursday, we will hear from renault. is goingman of renault to japan, he announced that this morning. we get financial widening from the scandal? that is going to be in focus. thes not the only headwind carmakers face. we have trade headwinds coming in, u.s. delegates in beijing today. where will that put us? will that continue to hurt sales? it will be interesting to see what the executives say. there are troubling signs in china, have car sales peaked? i have the monthly sales figures for...
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Nov 20, 2018
11/18
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renault would have it more tough. some analysts though have been calling on renault to sell its stake anywhere. difficult to tell at this stage what the impact would be on the operation of these individual businesses it least in the medium term. anna: thank you so much for joining us. onset, brendan brown from mufg securities. youave a chart here to show the share prices of these european autos. fire,ctor has been under caught in the crosshairs of the trade tensions. when you look at trade, is it autos that were you or technology? brendan: i think of the relationship between trade tensions and currencies. back to yesterday with all of the news. think that in the next stage of the trade drama particularly in the united states versus china, current sees are going to come into the conversation. and i would have thought that any serious part of a truce in the u.s.-china conflict would involve trying to push the chinese currency up. anna: let me ask you some more questions about that. surprise -- will it be a truce or some
renault would have it more tough. some analysts though have been calling on renault to sell its stake anywhere. difficult to tell at this stage what the impact would be on the operation of these individual businesses it least in the medium term. anna: thank you so much for joining us. onset, brendan brown from mufg securities. youave a chart here to show the share prices of these european autos. fire,ctor has been under caught in the crosshairs of the trade tensions. when you look at trade, is...
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Jul 30, 2020
07/20
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renault grappled with a sharp market downturn. the french comedy, which makes europe -- the french company, which makes europe's --t-selling clotildeeaking with delbos. thank you so much. speaking earlier, it was said that renault is working with nissan executives to make sure the fire does not take over the whole house. is this alliance going to survive? >> yes, for sure. i have no doubt about that. thes true that nissan has facilities. that you have the facilities to share cost, technology, and to be strong and your alliance, that is what we're doing. the difficulties is that we show now, we use them when we presented the alliance plan at the end of may, so there is nothing that has changed since we announced see you at the end of may. we are working on it. at the end of may we explain the logic, the strategies, the ideas, and now we are working on implementation project i project, region by region on what it means. it is going on at the right pace. no worry about that. pace, canaking of the you give some guidance on when renaul
renault grappled with a sharp market downturn. the french comedy, which makes europe -- the french company, which makes europe's --t-selling clotildeeaking with delbos. thank you so much. speaking earlier, it was said that renault is working with nissan executives to make sure the fire does not take over the whole house. is this alliance going to survive? >> yes, for sure. i have no doubt about that. thes true that nissan has facilities. that you have the facilities to share cost,...
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Feb 14, 2020
02/20
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renault or not. there seems to be pressure from shareholders on whether or not it is paying offer them. this adds to a lot of building tensions already around that auto making alliance, and makes it harder for them to come up with that midterm plan as to how they will revive nissan, and after that, renault. anna: thank you for the update. bloomberg's asia business editor in tokyo. now, matt miller joins us from the munich security conference. coronavirus a part of the conversation there. we will be hearing from our guest at the top of the hour. not the only thing being discussed. absolutely, coronavirus is something a lot of participants here will touch on, as well as the issue of trade. they talked about that a lot last year. maybe the ball has been moved forward this year. there are a number of conflicts that look like the world is ready for a resolution. afghanistan, they want to reduce the violence there. the u.s. defense secretary will be here in a little bit. the conflict in yemen, they want to
renault or not. there seems to be pressure from shareholders on whether or not it is paying offer them. this adds to a lot of building tensions already around that auto making alliance, and makes it harder for them to come up with that midterm plan as to how they will revive nissan, and after that, renault. anna: thank you for the update. bloomberg's asia business editor in tokyo. now, matt miller joins us from the munich security conference. coronavirus a part of the conversation there. we...
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Jan 14, 2016
01/16
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french automaker renault faces the specter of a full flag and type scandal. aares falling -- fallout from bulk wagon type scandal. salaries have been frozen in the world's second-biggest mining company. tintoy freeze at rio and spendingares on contractors and consultants. he says he sees no end to the commodities route that has eroded profits. lsl property services says if the current rate of growth continues, the average price may .it $433,000 this year values in the u.k. rose almost 7% in 2015. that is the latest business. turn to our story now in the global banking industry. betty: in europe, prosecutors in milan are accusing six current memberser deutsche bank of colluding with the world's oldest bank to falsify its accounts. bloomberg reporter joins us now from milan. what is the status of this probe? guest: they have completed their inquiry and are able to keep these key accusations, which would keep these executives in their role, they colluded with the former managers to construct these very complex derivatives off public remained financial disclosure
french automaker renault faces the specter of a full flag and type scandal. aares falling -- fallout from bulk wagon type scandal. salaries have been frozen in the world's second-biggest mining company. tintoy freeze at rio and spendingares on contractors and consultants. he says he sees no end to the commodities route that has eroded profits. lsl property services says if the current rate of growth continues, the average price may .it $433,000 this year values in the u.k. rose almost 7% in...
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Nov 20, 2018
11/18
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one of the things that complicates this story is renault and the ownership of renault. big ownership stakes by the french government. we got a comment from the finance minister, here's what he had to say. >> i would have all the necessary discretions with the people that are in charge and we will take decisions as soon as possible to ensure stability and long-term vision of both renault and nissan. jason: joining us on the phone from london is problems smithers senior autos analyst. julie, what you make of what happens next, especially from the french government's perspective? what do they need to do to ensure renault is in safe hands going forward and do they still think they can maintain this alliance that carlos ghosn was the architect of? , the biggestsly concern for investors is what happens with the future of the alliance. the first one is the level of cooperation will be maintained. the companies are likely to continue to share our deep and manufacturing and distribution. these projects are in place and the partners are benefiting from them. there is no reason to
one of the things that complicates this story is renault and the ownership of renault. big ownership stakes by the french government. we got a comment from the finance minister, here's what he had to say. >> i would have all the necessary discretions with the people that are in charge and we will take decisions as soon as possible to ensure stability and long-term vision of both renault and nissan. jason: joining us on the phone from london is problems smithers senior autos analyst....
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May 27, 2019
05/19
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fiat-chrysler proposes a tie up with renault. the deal would create the world's third biggest carmaker. and huawei's billionaire founder stands -- he stands defiant in the face of u.s. sanctions. markets closed. cashyou -- also u.s. markets closed. the actual cash markets have been open at least an hour. an hour into the session we are seeing gains. you have seen that across the regional benchmarks. we were on the front foot earlier on u.s. futures. the euro goes nowhere but it is holding onto gains for the past two days as a populist backlash expected in the european elections have fallen short despite gains in france and italy. of course the u.k. is a separate story in terms of the brexit party. outperformingos for european equities. in terms of front with individual stocks you have .enault and fiat-chrysler renault forward will meet to discuss the proposal today. let's get the first word news now. >> president trump says the u.s. will have a trade deal with japan and china but he was vague on the timeframe of an agreement of t
fiat-chrysler proposes a tie up with renault. the deal would create the world's third biggest carmaker. and huawei's billionaire founder stands -- he stands defiant in the face of u.s. sanctions. markets closed. cashyou -- also u.s. markets closed. the actual cash markets have been open at least an hour. an hour into the session we are seeing gains. you have seen that across the regional benchmarks. we were on the front foot earlier on u.s. futures. the euro goes nowhere but it is holding onto...
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Jun 4, 2019
06/19
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the french government owns 15% of renault. this idea that they have come to a compromise is seen as very good for investors. the french government is looking for some additional guarantees from fiat. they don't want to see job losses in france. they would like to have the job operational headquarters in france. we haven't had any specific comments from the french government yet. guy: what role is nice on playing? -- nissan playing? >> they are complicating this. they have a two decade old alliance with renault. once this merger was proposed, they might need to review that alliance. this is part of what makes renault very attractive. it has a strong presence in china and japan and the rest of asia. in electrification of its vehicles is seen as important to renault. the direction we are seeing automakers head in terms of electric vehicles is shifting toward china and asia. merger wouldult create the third-largest automaker in the world. having that alliance in place would help that. they are looking at adding share -- vonnie: th
the french government owns 15% of renault. this idea that they have come to a compromise is seen as very good for investors. the french government is looking for some additional guarantees from fiat. they don't want to see job losses in france. they would like to have the job operational headquarters in france. we haven't had any specific comments from the french government yet. guy: what role is nice on playing? -- nissan playing? >> they are complicating this. they have a two decade old...
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Nov 22, 2018
11/18
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about carlos ghosn leaving the alliance with renault. there is some flexibility with rome's battle with brussels. despite the fact we have a thanksgiving holiday and light volumes on equity markets, we are seeing action on asset prices. the pound
about carlos ghosn leaving the alliance with renault. there is some flexibility with rome's battle with brussels. despite the fact we have a thanksgiving holiday and light volumes on equity markets, we are seeing action on asset prices. the pound
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Nov 23, 2018
11/18
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the french government owns 15% of renault. renault owns 50% of nissan. -- 15% of nissan. unusual charges were unusual, precise, and serious. yvonne: thank you. look at oil, falling as much as 3% here in the asian session. course, you can attribute that to volumes, the holiday season in the u.s.. we are off from the lows, still at 2.5%. david: 30% now from the peak. if you are long oil, it is a total collapse of the heart. this is bloomberg. ♪ i'm all about my bed. this mattress is dangerously comfortable. when i get in, i literally say ahh. meet the leesa mattress. a better place to sleep. this bed hugs my body. i'm now a morning person. the leesa mattress is designed to provide strong support, relieve pressure and optimize airflow to keep you cool. hello bed of my dreams. order online. we'll build it, box it and ship it to your door for you to enjoy. sleep on it for up to 100 nights and love it, or you'll get a full refund. returns are free and easy. i love my leesa. today is going to be great. read our reviews, then try the leesa mattress in your own home. order durin
the french government owns 15% of renault. renault owns 50% of nissan. -- 15% of nissan. unusual charges were unusual, precise, and serious. yvonne: thank you. look at oil, falling as much as 3% here in the asian session. course, you can attribute that to volumes, the holiday season in the u.s.. we are off from the lows, still at 2.5%. david: 30% now from the peak. if you are long oil, it is a total collapse of the heart. this is bloomberg. ♪ i'm all about my bed. this mattress is dangerously...
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Jan 27, 2016
01/16
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tim: one of the ones we really like is renault. renault's that in the headlines because it has a hiccup in terms of getting the spotlight on it for the emissions issues we have seen hit vw. i think with renault it is an opportunity now to buy into the shares of the great valuation. what you actually have is, for the time being, a car company that is still largely driven by european markets. abouttory for us is more cost-cutting, more about optimiszinng their costs. they had a two decade aligns with nissan. but we have seen nothing much come out of that on the purchasing side. now they are starting to produce cars on the same platform, you're going to start see that coming to the numbers. concern about european carmakers is do they have the scales make a big leap forward in technology? you are going to have to invest money to compete with apple. what happens next when you need to make the shift in drivetrain from being internal combustion to the electric motor? tim: you have seen a lot of investment go into alternative drivetrains.
tim: one of the ones we really like is renault. renault's that in the headlines because it has a hiccup in terms of getting the spotlight on it for the emissions issues we have seen hit vw. i think with renault it is an opportunity now to buy into the shares of the great valuation. what you actually have is, for the time being, a car company that is still largely driven by european markets. abouttory for us is more cost-cutting, more about optimiszinng their costs. they had a two decade aligns...
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Jan 8, 2020
01/20
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a seven-year low for renault. given the amount of challenges self drivingfaces, cars, it's an expensive realignment for the trade wars that are still in overhang on demand. the timing of all of this is more than inconvenient. nejra: thank you so much. live for us in beirut. patrick armstrong is still with us. to pick up about what yousef was saying, is this something you see solidifying after we hear from carlos ghosn as the story develops? we are short automakers as a whole. it's an industry that is oversupplied and very low returns on capital. the average age of people's autos gets longer and longer. you don't see the turnover that you had. most profit comes from financing. , new capital expenditures that will be needed to get up to speed on those types of things. we think it is a very low return industry. looks cheap on earnings. patrick armstrong stays with us. don't miss our interview with the opec secretary-general. that is next. the go anywhere. this is bloomberg. ♪ >> the world cannot afford 100 daughter
a seven-year low for renault. given the amount of challenges self drivingfaces, cars, it's an expensive realignment for the trade wars that are still in overhang on demand. the timing of all of this is more than inconvenient. nejra: thank you so much. live for us in beirut. patrick armstrong is still with us. to pick up about what yousef was saying, is this something you see solidifying after we hear from carlos ghosn as the story develops? we are short automakers as a whole. it's an industry...
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Feb 10, 2017
02/17
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renault is set up very well. for all the new, innovative trends we are seeing, they are the leading producer, together with nissan, when it comes to achievable electric vehicles. they are also doing lots of research, lots of investments into the connected car, mobility solutions, and also investing in strategic partnerships. i recall their investment in krystle campbell, a startup focusing on autonomous driving. together with nissan, renault is very well set up for the future challenges the automotive industry will face. guy: guy: -- matt: kevin, thanks so much. kevin kuhl joining us on the phone. very interesting earnings that beat expectations. renault has just overtaken peugeot as france's biggest carmaker. what a company to watch right now. we're going to be speaking exclusively to renault nissan chairman and ceo carlos ghosn. you can see that from 3:00 p.m. u.k. time on bloomberg tv. you can also check it out on bloomberg.com, our mobile apps, or tv . coming up is the market open. futures pointing up. â™
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May 13, 2019
05/19
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renault is set to advance a full merger with nissan. profits are expected to slumped to the lowest in a decade. u.k. fintech, announcing an $800 million investment in greensill. we are speaking to the ceo just after the open. good morning. matt: we are less than a half hour from the start of european cash trading. take a look at bitcoin. thursday, friday, and today, just to show you the dump -- the jump we have seen. bitcoin trades 24 hours a day, seven days a week. but i skipped the weekend just to show you how much higher we have gone. $7,065 right now. and holding. bitcoin seems to beginning strength. while all other equities are tanking with the exception of equity index futures in europe. look at the futures trade. very different from what we saw in chinese stocks overnight. down 1.5%st week, again today. u.s. stocks down 2.5% last week. u.s. futures down 1% today. european futures are little changed. cac futures are actually gaining. what else do you see on the gmm? anna: fascinating to see the european equity markets. we have to
renault is set to advance a full merger with nissan. profits are expected to slumped to the lowest in a decade. u.k. fintech, announcing an $800 million investment in greensill. we are speaking to the ceo just after the open. good morning. matt: we are less than a half hour from the start of european cash trading. take a look at bitcoin. thursday, friday, and today, just to show you the dump -- the jump we have seen. bitcoin trades 24 hours a day, seven days a week. but i skipped the weekend...
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May 29, 2019
05/19
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nissan owns a stake in renault, renault owns a bigger stake in the sun -- in nissan. both are heavily watched or partially owned by governments. >> sure. the french state in renault, that is a very important point. in the deal on the table, that state would be diluted which is something both renault and nissan have wanted, to weaken the french government's control of any alliance. so that is an important aspect. technically, it is always possible for a company like nissan, and independently listed company with its own board, to withdraw from an alliance like this. but when you look at the direction of the industry, when you look at what is happening with global demand for cars and the big changes'twas autonomous driving and electric vehicles, adding all that up -- changes towards anonymous driving and electric fool -- electric vehicles, adding that all up, nissan is clear they want to remain an independent company. we spoke to one of the top analysts in tokyo who has been looking at the car industry for decades. he says the japanese government will make that clear tha
nissan owns a stake in renault, renault owns a bigger stake in the sun -- in nissan. both are heavily watched or partially owned by governments. >> sure. the french state in renault, that is a very important point. in the deal on the table, that state would be diluted which is something both renault and nissan have wanted, to weaken the french government's control of any alliance. so that is an important aspect. technically, it is always possible for a company like nissan, and...
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Jun 4, 2019
06/19
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renault trading up 4.6%. the meeting at renault today will take some time. there is the possibility we will get a news conference tomorrow. fiat chrysler trading up 3%, nearly 4% today. you have a trade story getting fit into what is happening with the autos in europe. you also have this m&a story with renault and fiat chrysler and do not forget nissan in the mix as well. certainly interesting afternoon. that is look at the european close. vonnie: you senate. -- you said it. jerome powell gave some comments before his speech in chicago. that put the fire under stocks. the nasdaq up 2.1%. tech stocks rebounding after yesterday's selloff following the notion that the ftc and the doj would be separating out those probes into some of the major tech stocks. the s&p 500 is climbing back up to the 20th hundred mark. will it make it there? we will see. some of the better performers, mattel update .5%. up 8.5%. inside an agreement to make some hello kitty toys, and that is getting a nice bounce. tiffany was lower premarket and suddenly it was higher and that is likel
renault trading up 4.6%. the meeting at renault today will take some time. there is the possibility we will get a news conference tomorrow. fiat chrysler trading up 3%, nearly 4% today. you have a trade story getting fit into what is happening with the autos in europe. you also have this m&a story with renault and fiat chrysler and do not forget nissan in the mix as well. certainly interesting afternoon. that is look at the european close. vonnie: you senate. -- you said it. jerome powell...
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Jun 5, 2019
06/19
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france is renault's most powerful shareholder. so a good agreement from nissan is needed to move through. anna: we will wait for news on that later on. what with the outcome be of these businesses coming together. we did at factories closing, and if so where? >> absolutely. the french finance minister reiterated he will not guarantee jobs on factories and keeping an operational headquarters taste in paris -- based in paris. nissan has come out with similar demands. no factory closure no job cuts. is if there will be cuts in other countries. and for nissan, it is an open question. matt: seven site nissan should go it alone and our own liberty intelligence analyst say -- our own bloomberg intelligence analyst say they are trying to shape this as a merger of equals, when fiat chrysler is buying renault. is there a chance nissan backs away and renault can admit they are getting taken over? >> i was speaking to a former executive and that is what they are worried about. , one isas many worries the protection of intellectual property. t
france is renault's most powerful shareholder. so a good agreement from nissan is needed to move through. anna: we will wait for news on that later on. what with the outcome be of these businesses coming together. we did at factories closing, and if so where? >> absolutely. the french finance minister reiterated he will not guarantee jobs on factories and keeping an operational headquarters taste in paris -- based in paris. nissan has come out with similar demands. no factory closure no...
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Jan 24, 2014
01/14
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renault is the third biggest. together, those companies make one in 10 cars worldwide. the company just received the green light to build its first renault factory in china. we asked the ceo carlos gomez -- carlos ghosn about the company's five-year plan. >> china is the largest market in the world. we represent nothing in china today. 30,000 imported cars in a 20 million car market. our milestone is to reach in china as fast as possible the market share we have globally, 3.5%. you put it on 20 million, this represents 700,000. the first step is 150,000. it is a small first milestone in this direction. >> who do you consider your biggest rival? >> today, renault nissan sells 8.3 million cars a year. obviously, we are behind toyota. our ambition is to close the gap with the three manufacturers. we do not have one rival because we are special. >> everyone has a rival or two. >> in our case, we have benchmarks that we follow strictly. in terms of marketing and technology. the three companies which are our rivals. >> hans nichols got some specialist training on how those dr
renault is the third biggest. together, those companies make one in 10 cars worldwide. the company just received the green light to build its first renault factory in china. we asked the ceo carlos gomez -- carlos ghosn about the company's five-year plan. >> china is the largest market in the world. we represent nothing in china today. 30,000 imported cars in a 20 million car market. our milestone is to reach in china as fast as possible the market share we have globally, 3.5%. you put it...
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Jun 10, 2019
06/19
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renault's view -- this is from nissan. saying renault plans to abstain from a vote. the opinion is regrettable. these are the breaking lines. renault has a 15% holding. bruno le maire had suggested reducing the stake of the french carmaker. that was one option. renault is seeking better representation. the current plan is to set up three committees on nominations and auditing. this is where the disruption comes between the two. nissan says renault plan to abstain from the agm vote. it is regrettable. as we get more, we will bring it to you. there is a little bit of doom and gloom, to say the very least. retailerhe ceo of a releasing an apology. shares -- disappointment . drawing the attention of regulators. discuss. -- let us discuss. investors?g what is next for the investors left behind? he was seeing a lot of outflows over the last few months because his performance has been -- he was underperforming. inot of his holdings are smaller and mid-cap stocks, not to mention securities. a lot of redemptions. you have to go into the market and liquidate your positions. it
renault's view -- this is from nissan. saying renault plans to abstain from a vote. the opinion is regrettable. these are the breaking lines. renault has a 15% holding. bruno le maire had suggested reducing the stake of the french carmaker. that was one option. renault is seeking better representation. the current plan is to set up three committees on nominations and auditing. this is where the disruption comes between the two. nissan says renault plan to abstain from the agm vote. it is...
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Nov 22, 2018
11/18
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voting rights while nissan has 15% of renault with no voting rights. they want a more equitable relationship and don't necessarily agree with carlos ghosn's push to have the companies merge down the road. the fate is going to be sealed, perhaps in the building behind me but the board meeting was supposed to start a few minutes ago and there will be seven board members to be in attendance tonight minus the two others that are in detention. carlos ghosn and greg kelly. he will come down to a simple majority. if the ceo has a simple majority of four votes out of seven, he could get his way and have carlos ghosn removed as chairman. he can't remove him from the board, but right now as chairman. aboutthere has been talk this being a palace coup at nissan. what has been the local reaction? the japanese establishment, the japanese media saying about all this? stephen: it is looking increasingly likely that was a probable cause for this action the ceo indicated monday that too much power had been accumulated at the top in one there was and inability at the com
voting rights while nissan has 15% of renault with no voting rights. they want a more equitable relationship and don't necessarily agree with carlos ghosn's push to have the companies merge down the road. the fate is going to be sealed, perhaps in the building behind me but the board meeting was supposed to start a few minutes ago and there will be seven board members to be in attendance tonight minus the two others that are in detention. carlos ghosn and greg kelly. he will come down to a...
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Apr 20, 2023
04/23
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>> renault is leading those auto stocks down. that stock dropping almost 7% over in paris as the company warns they will need to cut pricing of electric vehicles and that is dampening sentiment around better than expected costly sales of its s.u.v. model. not bia not bia saying the same thing. cutting back on infrastructure spending. that one dropping in helsinki. meanwhile l'oreal giving us some green on the screen. skin care and skin creeps, that kind of thing. doing really well there. 3% up in sales. in london one of the worst performing we have had in london over the past three years. seeing a continuing slide in sales. customers are cutting back due to the cost of living crisis. hitting that one in london today. tom: thank you very much with stocks on the move. looking at autoos. the healthcare space or the skin care place. tsmc's property beating after margins held up better than expected. they grapple with persistently week consumer demands. joining us is bloomberg economist in tie pie. what for you were the key takeaways
>> renault is leading those auto stocks down. that stock dropping almost 7% over in paris as the company warns they will need to cut pricing of electric vehicles and that is dampening sentiment around better than expected costly sales of its s.u.v. model. not bia not bia saying the same thing. cutting back on infrastructure spending. that one dropping in helsinki. meanwhile l'oreal giving us some green on the screen. skin care and skin creeps, that kind of thing. doing really well there....
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Feb 14, 2020
02/20
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let's get to renault. renault reporting revenue for the full year that broadly meets average analyst estimates, 55.5 billion euros. that is the full year revenue number. so far, so good. the fully operating income number, 4.1 one billion euros. that is less favorable compared to the estimate. 1.10ividend per share, euros. butestimate was wide, certainly the number has come in at the lower end of the estimate. that is the redhead line across the bloomberg best morning. renault cuts its dividend to 1.10 euros a share from 3.55 euros. we were having that exact conversation with our guest in okobza, about the extent to which markets were not only forgiving, but expecting car companies to cut back on dividends where they needed the money to invest in new products and invest in the pivot toward electric vehicles. coming up, we will bring you the interview with the renault cfo. that is the conversation coming shortly after 11:00 a.m. u.k. time. let's get to the broader market picture and have a look at where we a
let's get to renault. renault reporting revenue for the full year that broadly meets average analyst estimates, 55.5 billion euros. that is the full year revenue number. so far, so good. the fully operating income number, 4.1 one billion euros. that is less favorable compared to the estimate. 1.10ividend per share, euros. butestimate was wide, certainly the number has come in at the lower end of the estimate. that is the redhead line across the bloomberg best morning. renault cuts its dividend...
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Oct 23, 2018
10/18
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renault is down after disappointing earnings reports. sartorius is down 6%. 12% on concerns about its contract, the u.s. defense contract. you don't see that many gainers on the stoxx 600. i would prefer to look at the movie screen. -- move screen. there is a new move screen. an updated move screen on the bloomberg. we have 529 stocks down. only 32 are up. it is a very down day for european markets. u.k. supplies to the -- this trade contractor is higher upon its earnings report. markets are opening down the. this is following chinese shares snapping a two-day rally. that leads us to today's question of the day. down,sian equities still what will happen with china? .e have caroline with us let's talk briefly about what is going on in asia. maybe there is something different. it might be something more fundamental. today is different. can we find a flaw in china? what is needed? volatility is going to stay for a wild. in terms of the reaction the chinese stock market has had -- year to date, we think they'll -- there will be conflicts. we
renault is down after disappointing earnings reports. sartorius is down 6%. 12% on concerns about its contract, the u.s. defense contract. you don't see that many gainers on the stoxx 600. i would prefer to look at the movie screen. -- move screen. there is a new move screen. an updated move screen on the bloomberg. we have 529 stocks down. only 32 are up. it is a very down day for european markets. u.k. supplies to the -- this trade contractor is higher upon its earnings report. markets are...
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Nov 23, 2018
11/18
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francine: let's get back to the nissan renault story. it looks like the new leadership at nissan is really trying to make moves, already to shake things up. >> that is right. it has been a real roller coaster since the start of the week when it broke that the chairman was arrested. as we head into the weekend, what is becoming increasingly clear is that the status quo that is this intricate uncomplicated partnership alliance between the french and japanese carmakers is not going to remain the way it is now. pushing, said to be will be pushing for it to be opened up. it has long been viewed as lopsided in favor of the french. it has long worried the japanese company because renault, which , while stake in nissan its biggest and most influential shareholder is the french state. one can say that from a global point of view, france has never been seen as a complacent shareholder that is interventionist and will be ready to fight for its own on the ground. francine: what does this all mean for the two carmakers on the ground? does it change a
francine: let's get back to the nissan renault story. it looks like the new leadership at nissan is really trying to make moves, already to shake things up. >> that is right. it has been a real roller coaster since the start of the week when it broke that the chairman was arrested. as we head into the weekend, what is becoming increasingly clear is that the status quo that is this intricate uncomplicated partnership alliance between the french and japanese carmakers is not going to remain...
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Jan 14, 2016
01/16
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renault is down. this is clearly not linked to market turmoil but when you have moments like this you never shocksat the endogenous are going to be to the market. francine: when we heard about the mission shooting at volkswagen, a lot of people are asking whether it would have an impact on europe and the german economy that it did for a short time. it -- as this widens it could have a huge impact. printing 18, aso stunning statistic. away from the topic but another weight to the market when you see these big automakers troubles. francine: a lot going on. terrorism threat. currencies. breaking news and we will be back. tom: can we talk to andrew sentance about david boeing -- bowie. ♪ francine: welcome back. breaking news out of a lot of carmakers in europe. , this is at expert probe that started with renault and you are sharing skis -- of fiat. >> these are vehicles are more prevalent in the fiat. shares of renault have dropped 20% the last time i checked on reports initially by afp and followed up
renault is down. this is clearly not linked to market turmoil but when you have moments like this you never shocksat the endogenous are going to be to the market. francine: when we heard about the mission shooting at volkswagen, a lot of people are asking whether it would have an impact on europe and the german economy that it did for a short time. it -- as this widens it could have a huge impact. printing 18, aso stunning statistic. away from the topic but another weight to the market when you...
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Oct 18, 2019
10/19
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renault, the french company, slashed this year's outlook and renault is saying weakening economies are hurting car sales and blames tougher rules on emissions for higher costs. renault is the share falling the most in two years. the yogurtmaker lowering its outlook. they lost market share in america across all categories falling for the sixth quarter in a row and that's the bloomberg business flash. francine and tom? tom: viviana, i thanks so much. it's a joy in character for francine and i to speak to katherine mann out of o.c.d. and out of a classic text book of years ago. so in a short interlude here on the early morning of washington, we're going to go back to first principles with professor man and do that on the trade deficit and its sustainability. you broke a monocombraff -- monograph 21 years ago for president trump and suggest he hasn't red it as well. let's go back for first principles, why should we not fear a trade deficit? ms. mann: a trade deficit points to an economy doing really well and points to an economy with robust consumption and robust investment and uses import
renault, the french company, slashed this year's outlook and renault is saying weakening economies are hurting car sales and blames tougher rules on emissions for higher costs. renault is the share falling the most in two years. the yogurtmaker lowering its outlook. they lost market share in america across all categories falling for the sixth quarter in a row and that's the bloomberg business flash. francine and tom? tom: viviana, i thanks so much. it's a joy in character for francine and i to...
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Apr 19, 2023
04/23
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european autos, renault sales, and joining us now is our equity research analyst for autos. what are you affecting in terms of sales and revenue from them, particularly in light of tesla putting pressure on ev makers to lower pricing? >> investors will clearly be focused on the comments around pricing as renault appears as one of the key competitors facing, facing tesla in terms of price range. we definitely believe that they cam in the short-term continue to wait on the share price, but we, we still view that on the long term, renault still remains a very trusted investment in terms of its structural improvement. dani: elon musk hit back a bit about the media coverage over tesla saying we are not trying to start a pricing war by slashing the costs of cars, consumers will pay. is the net effect that other ev makers will have to bring down prices? >> there is definitely a risk that other carmakers will have to decrease prices. there is also, keep in mind that there is also a positive reading on this. if we see new, the price will be lower in the companies will be able to lowe
european autos, renault sales, and joining us now is our equity research analyst for autos. what are you affecting in terms of sales and revenue from them, particularly in light of tesla putting pressure on ev makers to lower pricing? >> investors will clearly be focused on the comments around pricing as renault appears as one of the key competitors facing, facing tesla in terms of price range. we definitely believe that they cam in the short-term continue to wait on the share price, but...
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Jan 14, 2016
01/16
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from renault. that seems strange. hans: unions sometimes -- and they know quite a bit because they have quite a bit more independent authority than the company. it is not analogous saying citing the united auto worker saying what is happening at ford. the question is, how many locations have been rated and why have these locations been rated -- raided. do withthey have to emissions standards and software and that is waiting is is is coming from but we have not heard from the french prosecutor or the french environmental and regulatory authority and/or the company itself. let's say the scandal has been going on about diesel for four months, there has been a lot of talk from analysts and independent best independent environment for groups that all auto companies are not entirely accurate on their statement emissions first what you actually get on the road. this could have something to do with that. we have seen a volatile moves with bmw in october about something that was reported that turned out not
from renault. that seems strange. hans: unions sometimes -- and they know quite a bit because they have quite a bit more independent authority than the company. it is not analogous saying citing the united auto worker saying what is happening at ford. the question is, how many locations have been rated and why have these locations been rated -- raided. do withthey have to emissions standards and software and that is waiting is is is coming from but we have not heard from the french prosecutor...
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May 27, 2019
05/19
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this play for renault? >> is very early to say of this will be successful. first we have to see if this will really happen. for now we have the proposal by fiat that they will consider friendly and they are reviewing it, so it will take some weeks before renault agrees or not to the merger plan. what we have heard from our sources is that they are on board with the essential design for the proposal over the last few weeks and we have two protagonists here. the two of them will likely be chairman and ceo of the combined ,ntity based in the netherlands paris, milan, and new york. the world's third biggest carmaker. if nissan jumps on later, the entity could become by far the world's biggest carmaker. anna: just briefly, the rationale here is about sharing cost burdens in research, development, and purchasing, is that right? >> going back to the famous confession of a g junkie, that's the way to do it in terms of cost energy cost savings and volume duplicating investments. anna: thank you for your analysis and your time there, from milan. that wraps up our cove
this play for renault? >> is very early to say of this will be successful. first we have to see if this will really happen. for now we have the proposal by fiat that they will consider friendly and they are reviewing it, so it will take some weeks before renault agrees or not to the merger plan. what we have heard from our sources is that they are on board with the essential design for the proposal over the last few weeks and we have two protagonists here. the two of them will likely be...
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Jan 14, 2021
01/21
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we have some breaking news right now coming out from renault. the french carmaker to target more than 3% through operating margin by 2023. we will continue to bring you more headlines from renault. we will also have news on u.k. retailers. tesco coming out with sales up 5.6% in the third quarter. we will get more on the u.k. retail scene. today, the markets say turn on the taps. treasury yields rise on reports that joe biden plans $2 trillion of stimulus. european equity futures point to a positive open. let's get your top headlines for you from the bloomberg terminal. impeached again. donald trump becomes the only u.s. president to be impeached twice. he faces trial in the senate. the last days of rome. at least government risks collapse after a junior coalition partner pulls out. french finance minister bruno le maire opposes a bid for supermarket chain, casting doubt on the $20 billion deal. just under an hour away from the start of cash trading across europe. let's take a look at futures right now, pointing higher on the ftse. the dax up abo
we have some breaking news right now coming out from renault. the french carmaker to target more than 3% through operating margin by 2023. we will continue to bring you more headlines from renault. we will also have news on u.k. retailers. tesco coming out with sales up 5.6% in the third quarter. we will get more on the u.k. retail scene. today, the markets say turn on the taps. treasury yields rise on reports that joe biden plans $2 trillion of stimulus. european equity futures point to a...